TechCrunch Mobility: Rivian's R2 Gambit

March 9, 2026

TL;DR

Rivian plans to launch its R2 SUV in June, aiming for 20,000-25,000 sales in 2026, a rate that would exceed most EVs under $60,000, excluding the Tesla Model Y.
AI-driven autonomous driving startup Wayve raised $1.2 billion, valuing the company at $8.6 billion, to license its software to automakers and robotaxi operators.
Other notable deals include Denso's takeover proposal for Rohm, Einride's $113 million funding, Harbinger's acquisition of Phantom AI, Holyvolt's acquisition of Wildcat Discovery Technologies for $73 million, Momenta's potential IPO, Nominal's $80 million Series B extension, Toyota Industries' increased offer from Toyota, and Zeno's $25 million Series A funding.
BYD unveiled a new battery pack capable of charging from 10% to 70% in five minutes, provided a specific charger is used.
Hyundai, Toyota, and Chinese automakers may face impacts from the U.S.-Iran conflict due to significant deliveries in the Middle East.
Volkswagen Group surpassed 4 million EV deliveries since 2013.
A Waymo robotaxi reportedly blocked an ambulance responding to a mass shooting in Austin, raising questions about the technology's readiness.
The National Highway Traffic Safety Administration is scheduling a forum on autonomous vehicle safety.

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